IIT-H launches incubator for chip design to help startups
New Delhi, Aug 22 (KNN) To give major boost to Indian chip design sector, Indian Institute of Technology-Hyderabad has launched an incubator dedicated exclusively to help startups in this sector.
Three startups have already been incubated at the Fabless Chip Design Incubator (FabCI) inaugurated in the campus recently.
The Fabless Chip Design Incubator (FabCI) is the first of its kind in India that will focus on creating an ecosystem for grooming start-ups in chip design.
It will provide a range of offerings including free software tools with leading technology partners in Electronic Design Automation (EDA), a characterization facility for testing chips, and equipment for performing DC and RF characterization.
Talking about this development, Ministry of Electronics and Information Technology (MeitY), Secretary, Ajay Prakash Sawhney said “The incubator will greatly benefit start-ups from the expertise of IIT-Hyderabad and mentors outside the Institute and should make a mark in the International Chip Design Sector.”
The primary motivation for this unique incubator program is to provide a one-stop solution for startups focusing in the area of chip design. The goal is to incubate at least 50 ‘Make-in-India’ chip design companies that can compete globally and generate Intellectual Property Rights (IPRs).
UB Desai, Director, IIT-Hyderabad, said, “We’re looking forward to incubate start-ups that will roll out the next generation of disruptive products. This incubator will also contribute to the ‘Start-up India’ and ‘Make in India’ campaigns of the Government of India.”
The Incubator also offers virtual support to non-Hyderabad start-ups which can join FabCI and leverage the offerings and participate remotely.
FabCI is funded by MeitY, with technology partners Cadence Design Systems and Mentor Graphics both are leading providers of Electronic Design Automation (EDA) software, hardware and IP.